Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 5 December 2012, the French government has decided the closure of the bank Crédit Immobilier de France (2,310 employees). Out of total 2,310 employees about 600 to 700 people will lose their jobs. Additional as announced, about 250 employees will be transferred from CIF to La Banque postale in the next two years, 700 ones will keep their jobs till the closure of the bank and 500 ones will be replaced in subsidiaries of CIF. Altogether 900 employees will lose their job. Between 600 to 700 of them will be covered by a social plan and the others could be replaced within the French bank sector.
Update 26-04-2013: As announced the restructuring plan of Bank Crédit Immobilier de France is pending approval by the European Commission. The final decision is expected to be announced by the end of August and then a social plan will take place.
Eurofound (2012), Crédit Immobilier de France, Closure in France, factsheet number 74675, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74675.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
